The upcoming $1.9 billion Bitcoin monthly options expiry on Aug. 25 is key to defining whether the $26,000 support level will hold. One could pin the recent cryptocurrency market sell-off on the United States Securities and Exchange Commission (SEC) delaying its decision on spot Bitcoin exchange-traded funds, but there’s also the macroeconomic perspective. If the Federal Reserve’s efforts to curb inflation work, it’s probable that the trend of a stronger U.S. dollar will persist. This was evident as the U.S. Dollar Index (DXY), a measure of the dollar against other currencies,…
Bitcoin options data points to an interesting outcome after this week’s $1.9B expiry
